NEW YORK, June 8 (Reuters) - The Wall Street Journal on Monday reported that Procter & Gamble Co is set to name Robert McDonald as its next chief executive officer, taking over from A.G. Lafley.
The consumer product company declined to comment.
Lafley, who assumed the CEO role exactly nine years ago Monday, would remain chairman, the newspaper said, citing a source close to the company. The Journal sourced the news of McDonald's promotion to people familiar with the matter.
A P&G spokeswoman said the company's board is set to meet tomorrow. The naming of a new CEO would be the board's decision, but the spokeswoman said she did not know what was on the agenda for the meeting.
Such a move would bring a long-time P&G executive credited with trimming costs throughout the company's operations into one of the highest-profile roles in the consumer products industry.
McDonald, who turns 56 on June 20, joined the company in 1980 and become chief operating officer in July 2007.
Lafley, who turns 62 on June 13, joined P&G in 1977. He has been chairman since 2002 and CEO since 2000.
(Reporting by Jessica Wohl; Editing by Phil Berlowitz)
((jessica.wohl@thomsonreuters.com +1 312 408 8132; Reuters Messaging: jessica.wohl.reuters.com@reuters.net)) Keywords: PROCTER/ (See http://blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog.) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The consumer product company declined to comment.
Lafley, who assumed the CEO role exactly nine years ago Monday, would remain chairman, the newspaper said, citing a source close to the company. The Journal sourced the news of McDonald's promotion to people familiar with the matter.
A P&G spokeswoman said the company's board is set to meet tomorrow. The naming of a new CEO would be the board's decision, but the spokeswoman said she did not know what was on the agenda for the meeting.
Such a move would bring a long-time P&G executive credited with trimming costs throughout the company's operations into one of the highest-profile roles in the consumer products industry.
McDonald, who turns 56 on June 20, joined the company in 1980 and become chief operating officer in July 2007.
Lafley, who turns 62 on June 13, joined P&G in 1977. He has been chairman since 2002 and CEO since 2000.
(Reporting by Jessica Wohl; Editing by Phil Berlowitz)
((jessica.wohl@thomsonreuters.com +1 312 408 8132; Reuters Messaging: jessica.wohl.reuters.com@reuters.net)) Keywords: PROCTER/ (See http://blogs.reuters.com/shop-talk/ for Shop Talk -- Reuters' retail and consumer blog.) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.